@Anonymous wrote:This was back in January, but thought I'd add my datapoint:
APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE: 820SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: Used
YEAR OF VEHICLE: 2016
MAKE: Audi
MODEL: A8L 4.0 T Sport
MILEAGE: 71000
FINANCE/LEASE: FinancePURCHASE PRICE: 32500
AMOUNT OF LOAN: 32500
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.79%
MONTHLY PAYMENT: 636
ANNUAL INCOME: 130k (me) HHI - $182k
DEBT TO INCOME RATIO: 0% (Mortgage was about $7k left in Jan, have paid house off since)
MISCELLANEOUS COMMENTARY: I'm convinced the slightly higher than normal rate (been with NFCU for years and done several loans) was due to having 7 hard inquires since Jan 2020. We are 100% debt free except for this loan, and pay the credit cards down to 0 every Friday. Somewhat annoyed as they said the "best" rate I could get was 3.79, and I got a point higher. Those inquiries really hurt me I guess.Why so many inquiries? We decided to get all the 5% cards last year - Target, Wal-Mart, USBANK, Chase Amazon/Flex, and the AOD card @ 3%. It was all worth it in the long run - deciding now if I want to pay this loan off in 5 months or let it run for a while.
Just wow all around!
Congratulations on your beautiful car!
Also nice nabs, the 5%s and 3% CCs 👍
Congratulations on your penfed approval ! Was your approval instantly???
@Anonymous wrote:APPROVING BANK: Pen Fed
BUREAU PULLED: Equifax
CREDIT SCORE: 640SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: USED
YEAR OF VEHICLE:2016
MAKE:Ford
MODEL:Fusion Energi
MILEAGE: 65699
FINANCE/LEASE:FinancePURCHASE PRICE: 12000
AMOUNT OF LOAN: 13200
TERM CONTRACTED: 60
APR/LEASE RATE: 5.50
MONTHLY PAYMENT:253
ANNUAL INCOME: 107000
DEBT TO INCOME RATIO: 38%
MISCELLANEOUS COMMENTARY:BK7 was discharged in December 2020. Pulled an FMCC lease through. Recently bought a 21 Pacifica Hybrid so this is a second car (for 16 year old). I'm totally shocked Pen Fed approved with the recent BK
Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
@Anonymous wrote:This was back in January, but thought I'd add my datapoint:
APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE: 820SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: Used
YEAR OF VEHICLE: 2016
MAKE: Audi
MODEL: A8L 4.0 T Sport
MILEAGE: 71000
FINANCE/LEASE: FinancePURCHASE PRICE: 32500
AMOUNT OF LOAN: 32500
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.79%
MONTHLY PAYMENT: 636
ANNUAL INCOME: 130k (me) HHI - $182k
DEBT TO INCOME RATIO: 0% (Mortgage was about $7k left in Jan, have paid house off since)
MISCELLANEOUS COMMENTARY: I'm convinced the slightly higher than normal rate (been with NFCU for years and done several loans) was due to having 7 hard inquires since Jan 2020. We are 100% debt free except for this loan, and pay the credit cards down to 0 every Friday. Somewhat annoyed as they said the "best" rate I could get was 3.79, and I got a point higher. Those inquiries really hurt me I guess.Why so many inquiries? We decided to get all the 5% cards last year - Target, Wal-Mart, USBANK, Chase Amazon/Flex, and the AOD card @ 3%. It was all worth it in the long run - deciding now if I want to pay this loan off in 5 months or let it run for a while.
Whew! Now that's a smooth looking ride there! Cheers to that!
Honda, Experian (734) hard pull. 10% down. 0% 48 months. No fees.
I did ask the finance guy about pre-payment penalties and he looked at me kinda funny.
@D10001 wrote:Honda, Experian (734) hard pull. 10% down. 0% 48 months. No fees.
I did ask the finance guy about pre-payment penalties and he looked at me kinda funny.
I would have looked back at him funny and let him know I will wait for an answer but I sign the documents!
In this instance, I think a congrats to you ranks higher than my 2 cents!
Great job! 👍
